Charles Russell Speechlys Advised SkyPower Global On Sale Of MENA Arm To INOX Clean Energy
Charles Russell Speechlys advised SkyPower Global on sale of MENA arm to INOX Clean Energy
The global law firm, Charles Russell Speechlys, advised SkyPower Global on the sale of SkyPower Services MENA to Inox Clean Energy (Inox), part of the INOXGFL Group, one of India’s leading integrated renewable energy platforms. The transaction supports the launch of a fully integrated renewable energy platform aimed at deploying more than 10 gigawatts (GW) of solar-powered infrastructure across Africa.
Dubai-headquartered SkyPower MENA specialises in the development, financing, construction, and operation of utility-scale solar projects, with a development pipeline spanning high-growth markets such as Zambia, Zimbabwe, and the Democratic Republic of Congo.
Inox has partnered with RJ Corp in a joint venture to develop the SkyPower MENA business across multiple African economies. The first phase of deployment targets approximately 570 MW of renewable energy capacity, while longer-term objectives include creating 2.5 GW of installed renewable capacity in Africa by FY29, aligned with Inox’s broader target of 10 GW Independent Power Producer capacity and 11 GW integrated solar manufacturing capacity by FY28.
The Charles Russell Speechlys team advising SkyPower Global was led by Alex Reid (Partner and Head of Corporate, Middle East), with support from Sevcan Aydemir (Senior Associate, Zurich/Doha, Corporate) and Mo Nawash (Associate, Dubai, Corporate).
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